Klaviyo (NYSE:KVYO) Price Target Raised to $54.00

Klaviyo (NYSE:KVYO) had its price objective hoisted by Stifel Nicolaus from $45.00 to $54.00 in a research note released on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other research analysts also recently issued reports about the stock. Citigroup increased their price objective on shares of Klaviyo from $39.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, February 11th. Wells Fargo & Company reduced their price objective on shares of Klaviyo from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Thursday. Robert W. Baird increased their price objective on shares of Klaviyo from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Thursday. Loop Capital raised their price target on shares of Klaviyo from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Canaccord Genuity Group raised their price target on shares of Klaviyo from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.44.

Klaviyo Trading Down 5.6 %

KVYO opened at $41.79 on Thursday. The company has a fifty day simple moving average of $43.72 and a 200 day simple moving average of $38.04. The firm has a market cap of $11.27 billion, a price-to-earnings ratio of -232.14 and a beta of 0.60. Klaviyo has a twelve month low of $21.26 and a twelve month high of $49.55.

Klaviyo (NYSE:KVYO) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.12). Klaviyo had a negative net margin of 4.92% and a positive return on equity of 0.89%. The company had revenue of $270.16 million for the quarter, compared to the consensus estimate of $257.24 million. On average, analysts forecast that Klaviyo will post 0.04 earnings per share for the current fiscal year.

Insider Activity at Klaviyo

In other Klaviyo news, CFO Amanda Whalen sold 1,050 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $40.07, for a total transaction of $42,073.50. Following the transaction, the chief financial officer now owns 395,616 shares of the company’s stock, valued at approximately $15,852,333.12. This trade represents a 0.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Landon Edmond sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $41.80, for a total transaction of $1,672,000.00. Following the transaction, the insider now directly owns 298,607 shares in the company, valued at approximately $12,481,772.60. The trade was a 11.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 114,536 shares of company stock worth $4,720,953 in the last ninety days. 53.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Klaviyo

Several large investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Klaviyo by 76.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,178 shares of the company’s stock valued at $4,338,000 after buying an additional 45,523 shares during the period. Voloridge Investment Management LLC increased its stake in Klaviyo by 15.7% during the 4th quarter. Voloridge Investment Management LLC now owns 922,832 shares of the company’s stock valued at $38,058,000 after buying an additional 125,352 shares during the period. Washington Harbour Partners LP acquired a new position in Klaviyo during the 4th quarter valued at about $1,794,000. Whale Rock Capital Management LLC grew its stake in shares of Klaviyo by 7.4% in the 4th quarter. Whale Rock Capital Management LLC now owns 3,868,451 shares of the company’s stock worth $159,535,000 after purchasing an additional 267,845 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Klaviyo in the 4th quarter worth approximately $2,099,000. Institutional investors and hedge funds own 45.43% of the company’s stock.

Klaviyo Company Profile

Klaviyo, Inc, a technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers Klaviyo, a cloud-native platform for data store, segmentation engine, campaigns and flows, and messaging infrastructure.